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Q1. Firm ABC measured its MP of labor curve to be the following:
MP = 4000 - 2L where L is the number of hours of labor hired per day.
ABC produces gadgets that are sold for $20 each and is able to hire workers for $10 for every hour. Elucidate for how many hours of labor should ABC hire each day to maximize its profits? Q2. Suppose that the world price of automobiles is $20,000 and automobile manufacturers in country a use $10,000 worth of imported inputs and no domestic inputs. What is the effective rate of protection for the automobile industry in country A, if there is a tariff of 25 percent on imported automobiles and a tariff of 50 percent on imported inputs used in this industry?
In her speech to the Australia-Israel Chamber of Commerce last year, Julia Gillard contrasted "the problems of Europe" with Australia's "position of strength in the world economy" (Editorial, Feb 2 2012, The Australian).
In general conclude which of the five competitive forces has the most significant impact on approach.
Illustrate what implications would increasing worker protections have upon the ability of American companies to compete globally.
The percentage effect which increase in output will have on the profit made from producing and selling commodity Alpha will be.
q.sharp rises in the cost of milk grain and fresh fruits and vegetables are hitting cafeterias across the country
write down expression for marginal revenue. choose the quantity and the price to maximize profit, assuming firm can only charge one price.
Illustrate what is the marketing concept recognizes that individuals pass through stages in the course of their lives in groups that are related to their age, period of mat¬uration, and environmental events.
The zinc also copper monopolists every set a price, believing that the other monopolist will not change its price. Conclude the equilibrium price of brass.
Where does this short-run aggregate supply curve intersect the long-run aggregate supply curve that you drew? Just need an explanation of what it woudl look like?
The actual labor costs is 1/4 more than the budgeted labor costs, and the actual profit is 1/6 less than the budgeted profit. So, under management by exception, which costs deserve further explanation?
Elucidate the production combinations society would like to choose. the boundary that divides all production combinations into attainable ones.
Assuming that the current production rates are maintained at the three assembly plants, which alternative should management select?
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